Jan 2025 - BUIDL BSC Transfer Burn Smart Contract Vulnerability - $8k (Global)
The BUIDL smart contract was first launched on January 3rd, 2025 on the Binance Smart Chain.
The smart contract unfortunately had a vulnerability in the transfer function.
"It appears that there is a flaw in the transfer() function in the #BUIDL smart contract that can burn token from the pair which can be easily exploited."
"resulting in an approximately loss of $8K."
The incident was reported by TenArmorAlert.
It is unclear who created this smart contract and who was affected.
Further Analysis
The BUIDL smart contract, launched on January 3rd, 2025, on the Binance Smart Chain, was found to have a vulnerability in its transfer() function. This flaw allowed tokens from the pair to be easily burned, leading to a loss of approximately $8,000. The incident was reported by TenArmorAlert, though it remains unclear who created the smart contract or who was directly affected by the exploit.
How Could This Have Been Prevented?
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Sources/Further Reading
Attack Transaction Receiving 8,037.009088985334656993 BSCUSD - BSCScan (Dec 31)
TenArmorAlert - "It appears that there is a flaw in the transfer() function in the #BUIDL smart contract that can burn token from the pair which can be easily exploited." - Twitter/X (Dec 31)
SlowMist - "BUIDL (Loss: ~$8K)" - Twitter/X (Dec 31)
Contract Creation Transaction - BSCScan (Dec 31)
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